Funds Held in Trust. Producer shall hold funds in a fiduciary account for business generated under this Agreement to the extent required by the insurance laws of each state in which Producer conducts business. Provided Producer is in compliance with all terms of this Agreement, Producer shall be entitled to any interest earned on said funds while so held by the Producer.
Appears in 3 contracts
Samples: CRC Brokerage Agreement, Starwind Brokerage Agreement, CRC Brokerage Agreement
Funds Held in Trust. Producer shall hold funds in a fiduciary account trust for business generated under this Agreement to the extent required by the insurance laws of each state in which Producer conducts it is conducting business. Provided Producer is in compliance with all terms of this Agreement, Producer shall be entitled to any interest earned on said funds while so held by the Producer.
Appears in 3 contracts
Samples: Independent Brokerage Agreement, Non Exclusive Brokerage Agreement, Non Exclusive Brokerage Agreement
